This trading strategy, called "Low_BBHO," aims to buy and sell assets based on specific conditions. Here's a description of how it works: The strategy focuses on buying assets after the price crosses below 0.98 times the lower Bollinger Band and selling them if a trailing stop loss is hit. The Bollinger Bands are calculated using the typical price of the asset with a window of 20 periods and 2 standard deviations.
The minimal return on investment (ROI) for this strategy is predefined and gradually increases over time.
The ROI values specified are 0.085 at 0 days, 0.011 at 7 days, 0.007 at 19 days, and 0 at 40 days.
The strategy parameter for buying is set to a buy limit of 0.98. If the closing price of the asset falls below this value multiplied by the lower Bollinger Band, a buy signal is generated. The stop loss for this strategy is set to -0.263, indicating that if the price drops by this percentage from the purchase price, the asset will be sold. The timeframe used for this strategy is 1 minute. The strategy also calculates other technical indicators such as MACD (Moving Average Convergence Divergence). The MACD consists of three components: the MACD line, the signal line, and the MACD histogram. Overall, the Low_BBHO strategy combines the use of Bollinger Bands, a buy limit, and a trailing stop loss to determine buying and selling signals based on price movements.